National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Czech Republic
CZEGFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
380,165,000,000.00
Year-over-Year Change
23.69%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in the Czech Republic, a key component of the country's gross domestic product (GDP) expenditure breakdown.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Government final consumption expenditure tracks public sector spending on goods and services, providing insight into the fiscal policy stance and the role of government in the Czech economy.
Methodology
The data is collected by the Czech Statistical Office based on national accounts principles.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the health and drivers of the Czech economy.
Key Facts
- Government final consumption expenditure accounted for 19.4% of Czech GDP in 2021.
- Spending growth slowed to 0.3% in 2021 after a 2.1% increase in 2020.
- The public sector's share of GDP has remained relatively stable in the Czech Republic over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure, which is the spending by public institutions on goods and services in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: Government consumption expenditure is a key component of GDP and provides insight into the role of the public sector in the Czech economy and the stance of fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected by the Czech Statistical Office based on national accounts principles.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this metric to assess the government's fiscal position and its impact on overall economic activity in the Czech Republic.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Czech Republic (CZEGFCEQDSMEI), retrieved from FRED.